Decision - External Audit Plan and Informing the Audit Risk Assessment 2023/24

Brighton and Hove Audit, Standards & General Purposes Committee Decided 25 Jun 2024 for determination GET /api/coverage

Decision maker

Audit, Standards & General Purposes Committee

Report author

Nigel Manvell

Published

26 Jun 2024

Reference

7233

As published

the council's own words, unedited

Informs the committee of the External Auditors plan and approach for the 2023/24 audit of accounts together with an assessment of risks likely to be considered in planning the audit.

RESOLVED – That the Audit, Standards, and General Purposes Committee: 1) Notes and considers the documents and notifies the external auditor if there are any additional matters that it considers may also impact on the planned audit work and context for the financial year ending 31 March 2024. 2) Notes both the external audit plan and informing the audit risk assessment for 2023/24. 3) Approves an increase of the existing accounting policy of a de minimis level of £20,000 for capitalisation of plant, property, and equipment up to £50,000, and authorises the Chief Finance Officer to make necessary changes to the council's accounting policies to reflect the increase.

Parsed from the document

gpt-5.6-luna-2026-07-09 · 13498/2527 tokens · 18387ms · parsed 9 Sep 2026 15:31

Everything below was read out of a PDF by a model It is useful and it is not authoritative. The document it came from is linked in the rail, and where the two disagree the document is right.

This report from the external auditor supports two-way communication with Brighton and Hove City Council’s Audit Committee as part of the 2023/24 audit risk assessment. It covers management’s responses on fraud, laws and regulations, related parties, going concern and accounting estimates, highlighting significant financial pressures, loan exposure to Brighton i360 company and established fraud and governance controls.

Recommendation

The Audit Committee should consider whether management’s responses are consistent with its understanding and whether it wishes to make any further comments.

Financial impact

The report notes a provisional 2023/24 underspend of £2.268 million, a 2024/25 budget shortfall of over £30 million and a savings/cuts package of £24.367 million; no specific decision expenditure is stated.

Ward affected

city-wide

Decision maker

Audit Committee

Stakeholders named

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Brighton and Hove City CouncilAudit CommitteeAudit & Standards CommitteeCouncil managementexternal auditorsresidents and service userssuppliers and contractorsEast Sussex Pension Fund

Next steps

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The Audit Committee should review management’s responses and provide any further comments.
The 2023/24 Statement of Accounts should include the expected credit loss assessment for the Brighton i360 company loan.
The Audit & Standards Committee will formally review the quality assurance document for the financial statements in June 2024, subject to external audit agreement and delivery.
The annual Counter Fraud report on irregularity work will be presented to the Audit & Standards Committee in June 2024.
Contingent liabilities, litigation and accounting estimates will be reviewed and updated as part of producing the 2023/24 Statement of Accounts.

Precedents

not built

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